What does AFD mean in DEVELOPMENT
AFD stands for the Agence française de développement, which is the French Development Agency in English. It is a public financial institution and an extended arm of the French Ministry of Foreign Affairs. AFD has been actively involved in development operations aimed at reducing poverty and inequality across the world since 1945. The agency’s mission is to facilitate sustainable and equitable development throughout its interventions by providing direct or indirect financing to partner countries. In addition, it provides assistance to countries in need of external aid or technical expertise in order to promote more inclusive economic growth and environmental protection in their territories. AFD's actions are underpinned by an ethical commitment encompassing human rights, gender equality, transparency and accountability as well as respect for diversity.
AFD meaning in Development in Community
AFD mostly used in an acronym Development in Category Community that means Agence française de développement (in French) French Development Agency
Shorthand: AFD,
Full Form: Agence française de développement (in French) French Development Agency
For more information of "Agence française de développement (in French) French Development Agency", see the section below.
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Objectives
The primary objective of AFD is to bring about socio-economic progress in developing countries by helping them develop effective policies and viable projects based on sound principles of international cooperation. Its framework revolves around five key areas: climate change; biodiversity conservation; promotion of digital access; sustainable regional integration; and global health governance. By engaging in this range of activities, AFD makes an important contribution to achieving the Sustainable Development Goals (SDGs). Additionally, AFD promotes innovative solutions that support social entrepreneurs and local communities who are better equipped to take advantage of new opportunities that arise from the implementation of sustainable development projects.
Financing Approach
AFD finances investment projects through direct or indirect lending, grants, technical assistance, technical cooperation agreements and other financial products such as derivatives or subordinated debt instruments adapted to each project’s specific needs. It also supports private sector initiatives through Structured Finance Instruments (SFIs) such as securitized loans provided by commercial banks. Financial resources come from European Union funds allocated by the European Commission for external actions, bilateral contributions from France-based entities or other public sources such as France’s budget allocations for development aid (OCTA).
Essential Questions and Answers on Agence française de développement (in French) French Development Agency in "COMMUNITY»DEVELOPMENT"
What is the Agence française de développement (AFD)?
The AFD is a public body that finances and supports initiatives related to sustainable development in emerging countries, focusing on projects in health, education, infrastructure, governance and climate. It was established by the French Government in 1941 as part of its colonial policy. Its mission is to support development efforts that reduce poverty, protect the environment and foster economic growth around the world
Final Words:
AFD's commitment to fighting poverty and promoting sustainable development across the world has resulted in numerous successful partnerships with international organizations such as UNICEF, UNHCR or the World Bank Group among many others, thus contributing significantly to improving living conditions all over the globe. The agency works tirelessly towards establishing better living standards for disadvantaged populations while protecting natural resources on a global scale – two objectives which ultimately need to be achieved simultaneously if a more equitable society is ever to be attained globally.
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